Daewoo E&C wins contract to build power plant in Morocco
Published: 12 Aug. 2013, 20:52
Daewoo Engineering & Construction has won a 1.971 trillion won ($1.76 billion) order to build a power plant and related facilities near the city of Safi in Morocco.
It will be the most expensive project that the company has won in its history.
The nation’s third-largest builder said in a regulatory filing that it will build a coal-fired power plant that has a capacity of 1,320 megawatts after clinching the Safi Independent Power Project.
It is expected to take 46 months to complete.
Daewoo E&C first entered the Morocco market in 1998, first among local builders. It has collected $3.46 billion worth of orders, which accounts for nearly 90 percent of Korean builders’ secured projects in Morocco. The company has worked on three large plant construction projects in Morocco.
It will be the most expensive project that the company has won in its history.
The nation’s third-largest builder said in a regulatory filing that it will build a coal-fired power plant that has a capacity of 1,320 megawatts after clinching the Safi Independent Power Project.
It is expected to take 46 months to complete.
Daewoo E&C first entered the Morocco market in 1998, first among local builders. It has collected $3.46 billion worth of orders, which accounts for nearly 90 percent of Korean builders’ secured projects in Morocco. The company has worked on three large plant construction projects in Morocco.
with the Korea JoongAng Daily
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